10 Richest Fashion Designers in the World 2017
Fashion is a living art. Many people endeavor to perform this art. Some can reach what they want, others can not. Here we will show you the chiefs.
10. Sara Blakely
When
she was 29 years old, she sold fax machines from door to door. She didn’t
however like the pantyhose that she was wearing so she decided to redesign it.
From there began her journey to become one of the most successful designers and
one of the richest female designers. She is also one of the few self made
billionaires that this world can boast of. The idea was not experimental and
extremely eccentric. She did not pose a cobweb hanging over her hair with the
help of a stand, nor was she looking for snakes stuffed with cotton used as
scarves. It was a simple solution to a problem through which Blakely became a
billionaire. Her net worth is $1 billion.
9. Tory Burch
Because
of being born into a rich family, her journey towards fame was easier as
compared to many others. She graduated from Pennsylvania and worked with Polo
Ralph Lauren and Vera Wang in New York for a while until she started her own
brand in 2004. Although an acclamation by Oprah helped her grow, there is
certainly a lot of hard work and quality there too. She is now a billionaire
and was named as 79th most powerful woman by Forbes.
8. Michael Kors
Kors
went bankrupt in 1993. Yes we thought we should tell you that first in case you
are wondering how these designers sell their stuff and become rich. There are a
lot of ups and downs which sadly, many of us do not acknowledge. Michael Kors
began selling dresses at the age of ten and got enrolled in fashion school at 18.
However he thought that the school might be holding him back so he dropped out
and began his small store opposite Bergdorf Goodman 57th Street until the
fashion director of the big name’s eyes rested on his work. Despite bankruptcy
he bounced back and is now one of the few successful billionaire designers in
the world with his net worth standing at $1 billion.
7. Aerin Lauder
Aerin
Lauder was the heir to the famous Estee Lauder founded by her grandparents but
was not content with merely inheriting it and then running it like a board
member. She attended the University of Pennsylvania, studied communications
there but then launched her own brand called Aerin. It carries perfumes,
jewelry, accessories, clothing and makeup. Aerin Lauder is also the company’s style
and image director at Estee Lauder. Her worth is 1.3 billion Dollars.
6. Domenico Dolce
As
the name suggests, Dolce is the second half of the world famous and highly
acclaimed partnership Dolce and Gabbana. He was also a fashion school dropout
and met Stefano Gabbana in Milan, Italy where he worked as a designer’s
assistant. They formed a partnership and since then there has been no looking
back. The design house has made clothes for celebrities as famous as Madonna
and have also designed costumes for the movie Romeo&Juliet. Due to his
extremely lucrative company, Dolce’s net worth stands at $1.6 billion today.
5. Stefano Gabbana
The
other half of the company above is Stefano Gabbana who together with Domenico
Dolce displayed their first collection in 1985 and then took a headstart. Many owe
their success to the partnership with Madonna, who at that time was extremely
popular and famous. Their flamboyant designs have been described as captivating
and carry the touch of the previous decade. Gabbana’s net worth is $1.6
billion.
4. Renzo Rosso
Rosso
was born in Veneto, quite far away from the hub of global fashion in Italy
which is Milan. During the 1970 oil crises, diesel was deemed the alternate
fuel. That is precisely what gave the denims created by Rosso a boom. His jeans
brand Diesel got the title of alternative jeans for being born in the same era.
Today Rosso’s brands are much more than jeans and he owns small high-end stores
including Only the Brave and Marni. His net worth is $3.1 Billion.
3. Miuccia Prada
She
is the youngest granddaughter of Mario Prada and took over the company in 1978
from where she took the company to unprecedented success. Miuccia Prada has
also launched her own brand called Miu Miu which caters to the needs of those
looking for avant-garde of fashion. Her net worth is $4.2 billion.
2. Ralph Lauren
This
is the design house that made a dress for First Lady Melania Trump on the
occasion of Donald Trump’s Presidential inauguration. He was born in Bronx, New
York and started really small by selling ties that he made, to his class
fellows. He continued to do that till his mid twenties until his European style
design caught the eyes of Neiman Marcus who became his first major client. At
this time Ralph Lauren was working for a tie company as a salesman. Lauren
dreamt of becoming a millionaire since young age and it seems like with $6.9
billion, his dreams have been fulfilled.
1. Giorgio Armani
The
world’s richest designer according to our research is Giorgio Armani. Founded in 1975, Armani
and fashion can be used interchangeably. The Italian label is a global
powerhouse, whose owner was initially a medical student. He spent some time
with the army and then moved on to working in a departmental store in Milan,
first as a window dresser and then as a sales person. Armani first worked for
Nino Cerruti before starting his own fashion label. His work at the bottom of
the industry gave him exposure that proved to be beneficial for the initiation
of the now $8.5 billion empire. Armani’s personal wealth stands at $7.5
billion.
Very
few internationally renowned fashion label owners have inherited their wealth.
Most of them have started from scratch and it has taken immense hard work for
them to reach where they stand today. There is no doubt in the fact that
fashion and glamour are very alluring for any entrepreneur especially if they
also have a knack for fashion, but turning rich overnight is a luxury that
destiny has not granted to many. Although building a brand from the start is
hard, but it is not impossible. Decades later, someone might be talking about
yours!
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